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9 percent KCP&L rate increase approved in Kansas

Kansas regulators have approved a 9 percent increase in Kansas City Power & Light's annual electric rates, raising them less than the utility sought.

But the three-member Kansas Corporation Commission split over how much profit KCP&L's stockholders should be allowed to earn. The final rate is 9.3 percent.

The commission said KCP&L's charges for its 247,000 customers in northeast Kansas will increase nearly $49 million a year. No figure was immediately available for the monthly increase in an average residential customer's bill.